Firm Energy with Liquidated Damages. Fixed-price Physical ERCOT
Daily Power Future delivered at a specified ERCOT location
Market Specifications
Trading Screen Product Name
Firm-LD Off-Peak
Trading Screen Hub Name
ERCOT Houston LZ HE 0100-0600, 2300, 2400, 7x
Contract Symbol
YGS
Contract Size
50 MW per hour
Currency
US $ and cents per MWH
Minimum Price Fluctuation
$0.01 per MWh
Listing Cycle
Up to 38 consecutive daily contract periods
Schedule
All off-peak hours for the applicable strip length referenced by
the market for hours ending 0100-0600, 2300 and 2400 on all seven
days in the central ("CPT") prevailing time zone.
Daily Settlement
Daily settlement will be determined by NGX using price data from a
number of sources including spot, forward and derivative markets
for both physical and financial products.
Final Settlement
Final settlement will be determined by the actual fixed price
entered into at the time of the transaction.